Cobalt has advised Furniture1, UAB, a company operating in Lithuania under the trade mark Baldai1.lt, on the sale of 30% of its shares to Bygghemma Group. The buyers were advised by Deloitte Legal.
Furniture1 has been doing business since 2008. Currently the company is active in Estonia, Latvia, Finland, Croatia, Hungary, Bulgaria, Greece, Slovenia, Romania, and Lithuania.
Bygghemma Group is an online home furnishings retailer in the Nordic region, operating through such webstores as Bygghemma, Trademax, Chilli, and Furniturebox. The company’s shares are listed on the Nasdaq Stockholm stock exchange.
Cobalt team was led by Partner Juozas Rimas and included Associate Justinas Kondratas.
The Deloitte Legal team consisted of Vilnius-based Associate Partner Simas Gudynas and Managing Associate Tomas Mieliauskas, Riga-based Partner Maris Liguts, Tallinn-based Senior Associate Simo Soolo, Sofia-based Managing Associate Kaloyan Yordanov, Zagreb-based Managing Associate Jadranka Oreskovic, Budapest-based Managing Associate Akos Szauter, and Ljubljana-based Seniro Associate Drazen Vrbanec.